Moody’s assigns Ba3 rating with stable outlook to BDEAC Rating reflects bank’s regional role, reforms, and strong shareholder backing Move aims to boost access to international capital for CEMAC development The Development Bank of Central African States (BDEAC) has received its first foreign-currency credit rating from Moody’s, which assigned the institution a Ba3...

Air Côte d'Ivoire orders four Embraer E175s, eyes regional fleet upgrade New jets to boost efficiency, support Abidjan's hub ambitions West African carriers expand fleets amid rising regional competition Air Côte d'Ivoire placed a firm order for four Embraer E175 aircraft last week, along with an option for eight additional planes. The fleet expansion is part of a...

Burkina Faso suspends 2025-2026 shea-nut exports to aid local processors Authorities cite raw material shortages, smuggling to neighboring countries Shea butter exports fell 26% since 2019, official data shows Burkina Faso’s government has indefinitely suspended shea-nut exports for the 2025-2026 season, the industry and commerce ministry said on Wednesday. Authorities had initially...

Madagascar signs new tourism deal with South Korea’s Good People International Plans include tourism office in South Korea, agritourism project in Moramanga Agreement aims to boost local products, skills, and visitor numbers by 2028 Madagascar’s Ministry of Tourism and Crafts signed a new cooperation agreement with Good People International last week, the ministry said in a...

Talks resumed after CEO change; no formal agreement signed yet Mine's future uncertain amid Barrick’s shift toward Americas operations The Malian government and Barrick Mining have reached an informal agreement to resolve a dispute over applying the 2023 mining code to the Loulo-Gounkoto gold mine, Reuters reported on Friday, citing people familiar with the matter. The progress marks...

Algeria drafts new public communication strategy to combat misinformation Plan includes new media regulator, ethics council, and press card system 93% of internet users exposed to false content, study finds Algeria’s government is drafting a new national strategy for public communication, Communication Minister Zoheir Bouamama announced last week. He presented the outline of the plan...

New STAGES platform digitizes visa processing for creative productions Qualified companies can submit requests online and receive a reply within 24 hours Reform comes as foreign film investment and international tourism rise The South African government announced last week the publication in the official gazette of the Screen Talent and Global Entertainment Scheme (STAGES), a reform...

Angola plans faster permitting and digital reforms to draw new mining investors Government targets 2 billion $ in non-diamond mining investment by 2027 New copper and rare earths projects advance, but diamonds still dominate output Angola plans to reduce administrative procedures and shorten the time needed to issue mining permits, Minister of Mines and Petroleum Diamantino Azevedo...

CBE raised $200 million in senior debt as a second tranche arranged by Standard Bank New funding strengthens its model of fully financed renewable power for industries The deal comes as Africa attracts only about 2% of global renewable energy financing CrossBoundary Energy (CBE), an investor in off-grid solar projects and a member of CrossBoundary Group, announced last week it secured...

Agrifood revenue in Morocco edged up 0.8% to about $20.5 billion in 2024 Production and value added rose, supported by higher investment despite drought The sector provided 20.1% of industrial jobs and ranked fifth in productivity The 2025 edition of the Moroccan Industry Barometer, one of the main statistical sources shedding light on the dynamics of the country’s industrial base,...